Police in Malawi has arrested former Finance Minister Joseph Mwanamveka and former Central Bank head Dalitso Kabambe on charges of abuse of office and fraudulent accounting.
A police spokesman said the two, while serving in their respective positions, allegedly procured and masterminded the falsification of financial records with intent to help Malawi secure a loan from the International Monetary Fund.
The two deny wrongdoing, calling the arrest a political witch-hunt.
In recent days, both men have expressed an interest in running for the presidency in the main opposition Democratic Progressive Party, with a view to challenging President Lazarus Chakwera, whose term of office ends in 2025.
Police have also arrested another former cabinet minister, Ben Phiri, for alleged fraud in an unrelated case.
Mr Phiri, who was a local government minister under former President Peter Mutharika, also denies any wrongdoing.
Latest Stories
-
All set for Joy FM Prayer Summit for Peace 2024
11 mins -
Managing Prediabetes with the Help of a Dietitian
30 mins -
Joy FM listeners criticise Achiase Commanding Officer’s election comment
50 mins -
Legal Aid Commission employees threaten strike over poor working conditions
53 mins -
Ghana ranked 7th globally as biggest beneficiary of World Bank funding
1 hour -
IMF board to disburse $360m to Ghana in December after third review
1 hour -
Former Bono Regional NPP organiser donates 13 motorbikes to 12 constituencies
1 hour -
Securities industry: Assets under management estimated at GH¢81.7bn in quarter 3, 2024
1 hour -
Gold Fields Ghana Foundation challenges graduates to maximise benefits of community apprenticeship programme
3 hours -
GBC accuses Deputy Information Minister Sylvester Tetteh of demolishing its bungalow illegally
3 hours -
Boost for education as government commissions 80 projects
3 hours -
NAPO commissions library to honour Atta-Mills’ memory
3 hours -
OmniBSIC Bank champions health and wellness with thriving community walk
3 hours -
Kora Wearables unveils Neo: The Ultimate Smartwatch for Ghana’s tech-savvy and health-conscious users
3 hours -
NDC supports Dampare’s ‘no guns at polling stations’ directive
4 hours